Sinbad has declared bankruptcy with more than $10 million in debts, according to a new report.
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The comedian, whose real name is David Adkins, filed for bankruptcy last month, claiming he has just $131,000 in assets but owes $10.9 million to firms including American Express and Bank of America.
According to legal documents, obtained by TMZ, Sinbad also has unpaid state and federal taxes stemming from 2009 to 2012.
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Sinbad argues he can no longer afford to pay off his bills, despite earning $16,000 a month.
It is the second time Sinbad has filed for bankruptcy. His case in 2009 was dismissed after he failed to file the correct paperwork.
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